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The Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention) created institutional facilities for the settlement of disputes between host States and foreign investors, including through binding international arbitration. It ‘provides for a comprehensive, self-sufficient system of truly international arbitration in the area of investment disputes’. 1 The Convention establishes a mechanism for the resolution of disputes between foreign investors and host States through ‘international methods of settlement...

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